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Knowledge-Representation and Network Decisions in Franchising and Online-Retailing Under Combined MN-Transferable-Utility, WTAL, Perception and Regret-Minimization Regimes

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Complex Systems, Multi-Sided Incentives and Risk Perception in Companies

Abstract

The context and motivation for this Chapter varies and is global given the extensive use of various franchising formats in more than one hundred countries. Franchising represents a substantial percentage of retail sales and total employment across the world—at least 40% of US retail sales; and substantial percentages of retail sales in the European Union (30%+); China (12%+); South American (20%+).

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Notes

  1. 1.

    See Collaborating for Growth—Report on Franchising Industry in India 2013. https://www.kpmg.com/IN/en/IssuesAndInsights/ArticlesPublications/Documents/Collaborating_for_Growth.pdf; See The Economic Impact of Franchised Businesses In the United States. Price Waterhouse Coopers. 2012. Retrieved 2012-02-02. http://www.franchise.org/uploadedFiles/Franchisors/Other_Content/economic_impact_documents/EconomicImpactVolIIpart1.pdf; See Franchise Economy. (2017). Retrieved July 27, 2017, fromhttp://www.franchise.org/new-economic-impact-studyshows-franchise-businesses-produce-significant-impact-on-us-economy.

  2. 2.

    See Franchising Australia 2014. https://www.franchise.edu.au/__data/assets/pdf_file/0009/657063/FranchisingAustralia2014_webversion.pdf?bustCache=93366477.

  3. 3.

    On Regret Theory, see Mannor and Shimkin (2008), Mannor et al. (2011), Viossat and Zapechelnyuk (2013), Bernstein et al. (2013), Foster and Vohra (1999), Perchet (2009, 2011), Stoltz and Lugosi (2005), and Rakhlin et al. (2011). On Approachability, see Abernethy et al. (2011), Perchet (2014), Soulaimani et al. (2009), and Mannor and Perchet (2013).

  4. 4.

    See Ketchen et al. (2006), Castrogiovanni et al. (2006), Krueger (1991), Hopkinson and Hogarth-Scott (1999), DeCorla-Souza and Barker (2005), Ridley (1995), Mazzeo (2004), Kalnins (2005), Hussain and Windsperger (2013), Jell-Ojobor and Windsperger (2014), Garg and Priem (2005), Tsang and Finnegan (2013), Hussler and Ronde (2014a, b), Barthelemy (2011), Chaudey et al. (2013), Hippmann and Windsperger (2013).

  5. 5.

    Other articles include: Garg, Rasheed & Priem (2005); Chiu and Hu (2003); Li et al. (2002), Ketchen et al. (2006), Castrogiovanni et al. (2006a); Dnes and Groupa (2005), Kalnins and Mayer (2004), Mazzeo (2004), Hennessy (2003), Hoover et al. (2003), Contractor and Kundu (1998), Brynjolfsson and Smith (2000), Fladmoe-Lindquist and Jacque (1995), Wang and Parkan (2005), Garcia et al. (2004), Lafontaine and Oxley (2004), Mazzeo (2004); Fehr et al. (2005), Dixon and Quinn (2004), Kaufmann et al. (2000), Combs and Ketchen (2003), Hoover et al. (2003), Doherty (2007), Weaven and Frazer (2003), Garg, Rasheed & Priem (2005); Pfister et al. (2006), Castrogiovanni, Combs & Justis (2006b), Tuunanen and Hoy (2007), Michael (2003), Dant et al. (2007), Weaven and Frazer (2007a, b), Watson and Kirby (Spring 2003), Botti et al. (June 2009), Dahlstrom, Haugland, Nygaard & Rokkan (2008); Castrogiovanni and Justis (2007), Michael (1996), Scott (1995), LaFontaine and Shaw (1999), Gillis et al. (2011), Lucia-Palacios et al. (2014), Lawrence and Kaufmann (2011), Michael (2014), Combs et al. (2009), Hussain et al. (2012), Dant et al. (2012), Gomez et al. (2010), Rosado-Serrano et al. (2018), Rosado-Serrano and Paul (2018), Baena (2012a, b), Khemakhem (2010), Baena and Cerviño (2014), Barthélemy (2011), Cox and Mason (2009), Sun and Lee (2013), Shen et al. (2017), Forte and Carvalho (2013), Hoffman et al. (2016), Watson et al. (2016), Jell-Ojobor and Windsperger (2014), Brookes (2014), Brookes and Altinay (2011), Watson et al. (2016), Gillis et al. (2014), Gorovaia and Windsperger (2013), Hodge et al. (2013), Lee et al. (2015), Liu et al. (2014), Perdreau et al. (2015); Perrigot et al. (2013), Fladmoe-Lindquist and Jacque (2005), Wang and Parkan (2005), Garcia et al. (2004), Bechara and Damasio (2005), Richards and Patterson (2004), Massa and Simonov (2005), Çoban and Seçme 2005, Choi and Geistfield (2004), Hoover et al. (2003), Fehr et al. (2005), Kuga (1989), Lewis and Anderson (1999), Scott (1995), Shane et al. (2006); and Perrigot et al. (January 2009).

  6. 6.

    See the comments in: Homem-De-Mello (2001). Dnes and Groupa (2005). Kalnins and Mayer (2004), Michael (1996), Castrogiovanni and Combs (1994), Castrogiovanni et al. (2006), Ketchen et al. (2006), Fladmoe-Lindquist and Jacque (1995), Ferreira et al. (2005), Goodman et al. (2002), Xu (2005).

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    Michael I. C. Nwogugu

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Nwogugu, M.I.C. (2019). Knowledge-Representation and Network Decisions in Franchising and Online-Retailing Under Combined MN-Transferable-Utility, WTAL, Perception and Regret-Minimization Regimes. In: Complex Systems, Multi-Sided Incentives and Risk Perception in Companies. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-44704-3_7

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